Release Notes

Release Notes

May 5, 2022

Debt Accounting Enhancements

TAGGED: 
Reporting

We are continually expanding our accounting capabilities to support your operations and methods, both in and out of DebtBook.

Added 30/360 Interest Basis selection

We have added a 30/360 interest accrual option to support client obligations and accounting methods. You can now choose between “Actual/Actual” and “30/360” Accrued Interest Basis options in Accounting Settings.

Expanded Accrued Interest and Interest Expense and added Journal Entry Recognition Basis

We have added accrued interest “activity” to enable clients to book journal entries by activity. You can see Accrued Interest and Interest Expense Activity and Balances in the app in debt schedules and bucket view flyouts. You can now choose between “Activity” and “Balance” Journal Entry Recognition Basis options in Accounting Settings to determine how journal entries are prepared in exported schedules.